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<p>[QUOTE="buddy16cat, post: 1458530, member: 37356"]<b>nothing wrong with buying rounds</b></p><p><br /></p><p>They are not issued by a government to be used as currency that is why they are called rounds or medallions instead of coins. Many times you can get these at a lower premium than a government issued bullion coin like the silver American eagle or gold American eagle which makes them good to buy for their silver. If you didn't pay much over silver market price and silver goes up you can make a profit. The precious metal shop I shopped at also sells coins out of a book but it isn't their specialty it seems, they just pull out coins from junk silver I think. Buying junk silver I think is a good way to start buying coins when silver is down that way you don't risk buying a coin for much more than it is worth. I recently purchased a dollar face of dimes, half of them Mercury dimes for $21 and a VG 1898 Barber quarter for $5 in the junk bins. What I like about junk silver is that you get a piece of history along with your silver content. I have started buying coins though with more value to a collector and have bought coins out of the coin books that have just not been priced for a while so they might have been under priced which is good for me. I found Ebay a good place to buy coins sometimes since it gives you an idea what others are willing to pay for something. For instance I bought a large cent where I paid 25 cents more than the last person would pay and one cent more than the person before him. Plus you can look for price guides around the Internet. But to get more on topic, their is nothing wrong with buying a round as a silver investment as long as you didn't pay too much but this isn't something sold to collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="buddy16cat, post: 1458530, member: 37356"][b]nothing wrong with buying rounds[/b] They are not issued by a government to be used as currency that is why they are called rounds or medallions instead of coins. Many times you can get these at a lower premium than a government issued bullion coin like the silver American eagle or gold American eagle which makes them good to buy for their silver. If you didn't pay much over silver market price and silver goes up you can make a profit. The precious metal shop I shopped at also sells coins out of a book but it isn't their specialty it seems, they just pull out coins from junk silver I think. Buying junk silver I think is a good way to start buying coins when silver is down that way you don't risk buying a coin for much more than it is worth. I recently purchased a dollar face of dimes, half of them Mercury dimes for $21 and a VG 1898 Barber quarter for $5 in the junk bins. What I like about junk silver is that you get a piece of history along with your silver content. I have started buying coins though with more value to a collector and have bought coins out of the coin books that have just not been priced for a while so they might have been under priced which is good for me. I found Ebay a good place to buy coins sometimes since it gives you an idea what others are willing to pay for something. For instance I bought a large cent where I paid 25 cents more than the last person would pay and one cent more than the person before him. Plus you can look for price guides around the Internet. But to get more on topic, their is nothing wrong with buying a round as a silver investment as long as you didn't pay too much but this isn't something sold to collectors.[/QUOTE]
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